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Nordisk Bergteknik ABOSTO:NORB B -0.96%78 Piotroski F-Score is 7 as of Jul. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates OSTO:NORB B with a GF Score™ of 78/100 and a GF Value™ of kr14.11 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,729 Construction companies, Nordisk Bergteknik AB ranks better than 89.3% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nordisk Bergteknik AB has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Nordisk Bergteknik AB's Piotroski F-Score or its related term are showing as below:
OSTO:NORB B'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 7
During the past 8 years, the highest Piotroski F-Score of Nordisk Bergteknik AB was 8. The lowest was 4. And the median was 6.
Nordisk Bergteknik AB (OSTO:NORB B) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Nordisk Bergteknik AB Piotroski F-Score Related Terms
Nordisk Bergteknik AB Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Nordisk Bergteknik AB's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
OSTO:NORB B vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Nordisk Bergteknik AB's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nordisk Bergteknik AB Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Nordisk Bergteknik AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Nordisk Bergteknik AB's Piotroski F-Score falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Nordisk Bergteknik AB's current Net Income (TTM) was 28.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Nordisk Bergteknik AB's return on assets of this year was 0.0080706. Nordisk Bergteknik AB's return on assets of last year was 0.00358241.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Nordisk Bergteknik AB's gearing of this year was 0.37239992. Nordisk Bergteknik AB's gearing of last year was 0.38073944.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Nordisk Bergteknik AB's current ratio of this year was 1.40524749. Nordisk Bergteknik AB's current ratio of last year was 1.42897622.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Nordisk Bergteknik AB's number of shares in issue this year was 57.238. Nordisk Bergteknik AB's number of shares in issue last year was 57.238.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Nordisk Bergteknik AB's gross margin of this year was 0.56896211. Nordisk Bergteknik AB's gross margin of last year was 0.59205181.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Nordisk Bergteknik AB's asset turnover of this year was 1.02905998. Nordisk Bergteknik AB's asset turnover of last year was 0.95822403.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Nordisk Bergteknik AB has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Nordisk Bergteknik AB (OSTO:NORB B) has a Piotroski F-Score of 7 as of Jul. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nordisk Bergteknik AB and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Nordisk Bergteknik AB's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Nordisk Bergteknik AB ranks #185 out of 1729 companies in the Construction industry, placing it in the top 10.7%.
Is Nordisk Bergteknik AB's Piotroski F-Score too high?
Nordisk Bergteknik AB's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. Nordisk Bergteknik AB's value of 7 is 40% above this industry median. Based on the distribution chart, Nordisk Bergteknik AB ranks #185 out of 1729 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Nordisk Bergteknik AB has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nordisk Bergteknik AB's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Nordisk Bergteknik AB ranks #185 out of 1729 companies for Piotroski F-Score. This places Nordisk Bergteknik AB in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Nordisk Bergteknik AB's value of 7 is 40% above this benchmark. Historically, Nordisk Bergteknik AB's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Nordisk Bergteknik AB has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nordisk Bergteknik AB's current Piotroski F-Score of 7 is 40% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Nordisk Bergteknik AB and its competitors. For the Construction industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordisk Bergteknik AB's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordisk Bergteknik AB stock overvalued right now?
Based on GuruFocus' analysis, Nordisk Bergteknik AB (OSTO:NORB B) is currently considered Modestly Undervalued. The stock's GF Value™ is kr14.11, compared to a current price of kr10.30 — trading 27% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Construction industry median of 5.00. Nordisk Bergteknik AB's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Nordisk Bergteknik AB (OSTO:NORB B), the current Piotroski F-Score is 7 as of Jul. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nordisk Bergteknik AB (OSTO:NORB B) Overvalued in 2026?
Based on GuruFocus' analysis, Nordisk Bergteknik AB stock appears to be undervalued.
The current stock price of kr10.30 is trading 27% below its estimated GF Value™ of kr14.11.
GuruFocus considers Nordisk Bergteknik AB to be Modestly Undervalued.
Key valuation signals for OSTO:NORB B:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: kr14.11 vs. price of kr10.30 (27% below fair value)
Industry Position: 40% above the Construction median (#185 of 1729)
No single metric tells the full story. See the OSTO:NORB B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordisk Bergteknik AB's business concept is to offer contracting services in infrastructure to the construction, mining, and construction industries within selected niches in the Nordic countries. It operates in the two business areas of Rock Handling and Foundation Solutions, which in turn are reported in the three financial segments Foundation Sweden, Rock Sweden, and Rock Norway. It generates maximum revenue from the Rock Sweden segment. The majority of the revenue comes from Rock Sweden. Geographic areas are Sweden, Norway, Finland, and Other Countries where the majority of revenue comes from Sweden.
78GF Score
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